TyraTech, Inc. Result of Special Meeting & Director Shareholdings (9036F)
November 16 2015 - 12:01PM
UK Regulatory
TIDMTYR TIDMTYRU
RNS Number : 9036F
TyraTech, Inc.
16 November 2015
TyraTech, Inc
("TyraTech" or "the Company")
RESULT OF SPECIAL MEETING AND DIRECTORS' SHAREHOLDINGS
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO
OR FROM JAPAN, CANADA OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE
TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS
OF SUCH JURISDICTION.
Further to the announcement dated 4 November 2015, TyraTech,
Inc. (AIM:TYR and TYRU), a life sciences company focusing on
nature-derived insect and parasite control products, is pleased to
announce that at the Special Meeting held earlier today, each of
the resolutions as set out in the notice of Special Meeting was
duly passed. Accordingly, the Fundraise (as defined in the circular
dated 4 November 2015) is now unconditional save for Admission.
Accordingly, the Company has approved, subject only to
Admission, the issue of 105,333,333 new common shares in the
capital of the Company of $0.001 each (the "New Common Shares") at
3 pence per share to the investors participating in the
Fundraise.
Application has been made to the London Stock Exchange for the
New Common Shares to be admitted to trading on AIM ("Admission").
It is expected that Admission and the commencement of dealings will
take place at 8 a.m. on 18 November 2015.
Following Admission, the Company will have 367,666,444 common
shares of $0.001 each ("Common Shares") in issue, of which
1,084,413 will continue to be held in Treasury. Therefore, the
total number of voting rights in the Company will be 366,582,031
("Total Voting Rights"). The number of restricted Common Shares
trading under TIDM 'TYR' following Admission will be 219,677,899
and the number of unrestricted Common Shares trading under TIDM
'TYRU' following Admission will be 147,988,545.
Furthermore, following Admission, there are changes to the
following directors' holdings of Common Shares:
Alan Reade, who subscribed for 1,050,004 New Common Shares
pursuant to the Subscription, is now interested in 13,783,620
Common Shares in the Company; representing an interest of 3.76% of
the total voting rights of the Company.
Bruno Jactel, who subscribed for 435,733 New Common Shares
pursuant to the Subscription, is now interested in 2,438,157 Common
Shares in the Company; representing an interest of 0.67% of the
total voting rights of the Company.
Barry Riley, who subscribed for 525,000 New Common Shares
pursuant to the Subscription, is now interested in 3,723,413 Common
Shares in the Company; representing an interest of 1.02% of the
total voting rights of the Company.
James Hills, who subscribed for 539,200 New Common Shares
pursuant to the Subscription, is now interested in 1,779,957 Common
Shares in the Company representing an interest of 0.49% of the
total voting rights of the Company.
For further information please contact:
TyraTech Inc.
Alan Reade, Non-Executive Chairman Tel: +44 7841978709
Bruno Jactel, Chief Executive Officer Tel: +1 919 415 4340
SPARK Advisory Partners Limited, Nominated Adviser
Matt Davis / Mark Brady Tel: +44203 368 3551
Allenby Capital Limited, Joint Broker
Chris Crawford Tel: +44 20 3328 5656
Whitman Howard Limited, Joint Broker
Ranald Mc-Gregor Smith / Niall Devins Tel: +44 20 7087 4550
This information is provided by RNS
The company news service from the London Stock Exchange
END
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